The Economic Benefits of the New Climate Economy in Rural America

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Rural US communities can reap significant benefits from investments in the new climate economy, including measures to advance clean energy systems, remediate abandoned fossil fuel production sites, restore trees to the landscape and reduce the risk of catastrophic wildfire. Collectively, these measures can create new economic opportunities in rural places while addressing climate change. This working paper presents a detailed analysis of the rural economic impact from federal policies that invest in the new climate economy, including information about the geographic and sectoral distribution of those investments. This analysis finds that with a total annual federal investment of $55 billion, nearly $15 billion would flow to rural counties, supporting nearly 260,000 rural jobs over at least five years. This working paper also offers recommendation on policy vehicles to ensure that federal investment reaches rural areas and communities most in need.

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